-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Oak Park seems to just be virtue signaling on this. All that wealth and good intentions, assisting only 160 aliens – just 2 or 3 busloads? Texas has over 2 million they are caring for. The citizens of Oak Park should demand the village take 10 – 20X that amount. And why is River Forest just lying in the weeds?
A poignant picture of Oak Park and Chicago’s future when the illegals’ Bidenvilles get fully built out:
“Asylum seekers?”
Words have power … Call it like it is: illegal border jumpers who should be deported en masse.